Cadence Minerals (LON:KDNC) Insider Buys £29,354.68 in Stock

Cadence Minerals Plc (LON:KDNC) insider Kiran Morzaria purchased 733,867 shares of Cadence Minerals stock in a transaction that occurred on Wednesday, August 5th. The stock was acquired at an average price of GBX 4 per share, for a total transaction of £29,354.68.

Cadence Minerals Price Performance

Shares of KDNC stock opened at GBX 4.90 on Thursday. The stock’s 50-day simple moving average is GBX 5.86 and its 200-day simple moving average is GBX 5.20. The company has a debt-to-equity ratio of 0.48, a quick ratio of 78.09 and a current ratio of 9.29. The firm has a market capitalization of £20.05 million, a price-to-earnings ratio of -9.32 and a beta of 1.80. Cadence Minerals Plc has a fifty-two week low of GBX 1.76 and a fifty-two week high of GBX 8.30.

Cadence Minerals (LON:KDNC) last posted its quarterly earnings results on Monday, June 29th. The company reported GBX (0.53) EPS for the quarter. Cadence Minerals had a negative return on equity of 9.74% and a net margin of 875.38%.

About Cadence Minerals

Cadence Minerals Plc identifies, invests in, and develops rare earth assets. It also explores for iron ore, lithium, and other mining related opportunities. The company holds interests in the Sonora Lithium project located in Northern Mexico; and Yangibana project situated in Gascoyne, Western Australia; and the Amapa Iron Ore project located in Brazil. In addition, it holds interest in Evergreen Lithium project situated in Western Australia; and European Metals Holdings project located in Cinovec.